See also: food prices Prices in restaurants entertainment costs
Cost of living and expenses in South Korea
What are the costs of living, how much do you have to spend on fees and expenses in South Korea?
What is the cost of a mortgage, what are the average earnings in South Korea, and how much do you have to spend on clothes or a flat in the centre or on the outskirts of the city?
Below you will read about the expenses, fees, rental prices, how much you have to pay for clothes or shoes and the cost of living in South Korea
(The last update: 4 days ago)
Currency in South Korea South Korean won (KRW ₩). For 10 US dollars you can get 14 thousand South Korean won. For 100 US dollars you can get 140 thousand South Korean won. And the other way around: For 100 South Korean won you can get 0.0715 US dollars.
See also how prices have changed in previous years: Price changes in previous years in South Korea
What are the different prices in the cities in South Korea? Look here: Prices in cities in South Korea
Prices: Busan Cheongju Gwangju Incheon Seoul Yeosu Daegu Daejeon Bucheon Anyang
fees
$160 ($101 - $215)
22% is less expensive than in United States
internet
$21 ($14.3 - $36)
70% is less expensive than in United States
jeans
$56 ($29 - $89)
6% more than in United States
average earnings
$2.34K
by half less than in United States
renting a small apartment in the center
$478 ($286 - $1.07K)
73% is less expensive than in United States
renting a large apartment outside the center
$870 ($429 - $1.79K)
64% is less expensive than in United States
The cost of living in South Korea:
- One-way Ticket (Local Transport) $1 (₩1.45K)
- Monthly Pass (Regular Price) $43 (₩60K)
- Gasoline (1 liter) $1.2 (₩1.66K)
- Volkswagen Golf 1.4 90 KW (or equivalent new car) $27K (₩37.7M)
- Apartment (1 bedroom) in city centre $478 (₩669K)
- Apartment (1 bedroom) outside of centre $351 (₩490K)
- Apartment (3 bedrooms) in city centre $1.45K (₩2.02M)
- Apartment (3 bedrooms) outside of centre $870 (₩1.22M)
- Utilities (electricity, heating, water, garbage) for an 85m2 apartment $160 (₩223K)
- Internet (60 Mbps or more, unlimited data, cable/ADSL) $21 (₩29.4K)
- numb_34 $46 (₩63.8K)
- 1 pair of jeans (Levis 501 or similar) $56 (₩77.8K)
- 1 Summer Dress in a Chain Store (Zara, H&M,...) $41 (₩57.1K)
- 1 pair of Nike running shoes or similar $78 (₩110K)
- 1 pair of men's leather shoes $108 (₩152K)
- Toyota Corolla 1.6l, 97kW Comfort (or equivalent new car) $23.3K (₩32.6M)
- Preschool (or Kindergarten), Private, Monthly for 1 Child $337 (₩471K)
- Price per square meter for an apartment in the city center $11.2K (₩15.6M)
- International Primary School, Annually for 1 Child $20.1K (₩28.1M)
- Price per square meter for an apartment outside of city centre $7.58K (₩10.6M)
- Average Monthly Net Salary (After Tax) $2.34K (₩3.27M)
- Mortgage annual interest rate in percentages (%) 4.7%
- Taxi starting fare (normal tariff) $3.1 (₩4.3K)
- Taxi 1km (Normal Tariff) $0.72 (₩1K)
- Taxi 1 hour waiting (normal tariff) $8.6 (₩12K)
Price changes in previous years in South Korea
Price changes in One Square Meter Of An Apartment In The Center over the years: 2010: $11.9K(₩16.7M), 2011: $4.13K(₩5.78M), 2012: $7.15K(₩10M), 2013: $4.37K(₩6.1M), 2014: $5.74K(₩8.03M), 2015: $9.38K(₩13.1M), 2016: $6.5K(₩9.09M), 2017: $7.92K(₩11.1M), and 2018: $10.1K(₩14.1M)
Have earnings increased in South Korea?
See the average salary in previous years in 2010: $1.83K(₩2.55M), 2011: $1.7K(₩2.37M), 2012: $1.79K(₩2.5M), 2013: $1.59K(₩2.23M), 2014: $1.88K(₩2.63M), 2015: $1.93K(₩2.7M), 2016: $1.73K(₩2.42M), 2017: $1.95K(₩2.72M), and 2018: $2.04K(₩2.85M)
Price changes in Fees over the years: 2010: $60(₩84.2K), 2011: $95(₩133K), 2012: $114(₩159K), 2013: $107(₩150K), 2014: $140(₩196K), 2015: $109(₩153K), 2016: $125(₩175K), 2017: $117(₩163K), and 2018: $126(₩176K)
Price changes in Internet over the years: 2010: $21(₩28.8K), 2011: $17.3(₩24.2K), 2012: $17.6(₩24.6K), 2013: $19.7(₩27.5K), 2014: $18.1(₩25.3K), 2015: $18(₩25.1K), 2016: $18.9(₩26.5K), 2017: $17.4(₩24.4K), and 2018: $20(₩28.1K)
Have prices changed in clothing stores in South Korea in recent years?
For example, this is how the prices of jeans have changed in 2010: $49(₩69K), 2011: $67(₩93.7K), 2012: $70(₩97.5K), 2013: $69(₩96.6K), 2014: $70(₩98.5K), 2015: $56(₩78.9K), 2016: $51(₩71K), 2017: $59(₩81.9K), and 2018: $48(₩67.7K)
Do you want to learn more about different prices? See the following comparison:
Cola, Pepsi, Sprite, Mirinda
$1.4 ($1.1 - $2.4)
by half less than in United States
rice
$3 ($1.8 - $5.7)
33% is less expensive than in United States
bread
$2.8 ($1.8 - $6.4)
21% is less expensive than in United States
bananas
$3.3 ($2.1 - $7.2)
twice as much as in United States
renting a large apartment outside the center
$870 ($429 - $1.79K)
64% is less expensive than in United States
cheap restaurant
$7 ($5 - $10.7)
65% is less expensive than in United States